Key takeaways:
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Bitcoin’s 50-day EMA bounce aligns with a bullish sample concentrating on $148,000.
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Previous whale’s 80,000 BTC selloff marks third revenue wave, usually a prelude to a restoration.
Bitcoin (BTC) has dropped by 7.50% three weeks after establishing its report excessive at round $123,250. However analysts say this can be the ultimate shakeout earlier than a breakout towards $150,000.
BTC holds crucial shifting common help
On Sunday, Bitcoin retook its 50-day exponential shifting common (50-day EMA; the crimson wave) as help after briefly dipping beneath it a day prior.
The 50-day EMA has served as a dependable help stage for initiating recent rallies. In June, as an illustration, a quick drop beneath this wave help preceded a pointy 25% rebound.
Associated: Bearish Arthur Hayes says Bitcoin might retrace to $100K on macro headwinds
Now, BTC seems to be repeating the identical setup, and analyst BitBull says that the cryptocurrency could endure a June-like within the coming days.
He argues that even a drop into the $110,000–$112,000 vary would set up a “excellent backside” for Bitcoin, doubtlessly setting the stage for the subsequent leg larger.
Traditional technical breakout targets $148,000
The 50-day EMA help additional aligns with the neckline of Bitcoin’s prevailing inverted head-and-shoulders (IH&S) sample.
After breaking above this neckline, BTC has pulled again to retest it—a typical post-breakout transfer—and bounced, reinforcing the validity of the bullish reversal setup.
The profitable neckline retest now alerts that Bitcoin could also be getting into the continuation part of its breakout, with the IH&S sample concentrating on a transfer towards $148,250.
That’s close to the extensively anticipated $150,000 BTC upside goal for 2025, which many analysts count on to occur round October.
Previous Bitcoin whale’s $9.6 billion selloff is bullish
Onchain knowledge additional signifies that Bitcoin’s ongoing worth dip could result in one other main breakout.
Bitcoin has seen three main waves of profit-taking by whales in the course of the 2023–2025 bull market, in response to CryptoQuant knowledge.
The primary adopted the March 2024 launch of US spot ETFs. The second got here after BTC broke $100K post-Trump election in late 2024. The third occurred in July 2025 after a breakout over $120,000 triggered an 80,000 BTC selloff by an previous whale.
Every wave of profit-taking preceded a interval of worth consolidation or average correction, lasting between two to 4 months, wrote CryptoQuant analysts in a report printed Friday.
“These cooling phases have traditionally set the stage for renewed accumulation and a subsequent breakout to new all-time highs,” they are saying, including:
“The info offers compelling proof that the market is present process one other cyclical cooling part, in keeping with prior waves that preceded intervals of consolidation and later breakouts to larger costs.”
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.